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Microcap & Penny Stocks : Olympus Ventures (OVIS) - formerly (OLPV)
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To: Tom R. Clarksburg who wrote (1317)8/23/1997 2:58:00 AM
From: michael d kugler   of 13196
 
Gentlemen,

My entire post is not present on theses threads.

What is missing is my comment about not getting caught in a trap where you may not get your certificates for weeks while a stock is tanking. It means you can't sell because you can't deliver in time for settlement. This is a potentially dangerous game for shareholders. You can also put the stock into non-margin accounts, and they can't be borrowed. But your broker is a safer custodian for those certificates and guarantees liquidity by guaranteeing good delivery of certificates at settlement.

While I am all for beating the shorts at their own game, this amounts to playing chicken with a BB company.

Ask the people on the GIFS thread about the consequences of ordering out their certificates. There is no company to send out certificates, even if there were now a bid on the stock. Shareholders who asked for certificates are in limbo.

I have not seen any posts about what this company does. Are the fundamentals so sound that the stock can support a $20 price? Let's try to get a little realistic. If you think you can squeeze forever, you're dead wrong. The shorters will find out a way to decimate you, if the fundamentals don't.

Be very, very careful.
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